Interactuar is a non-profit institution offering microfinance, practical vocational courses and business development services to rural and urban micro-entrepreneurs in low-income communities in Colombia. Since 1983, they have been working to create sustainable employment opportunities for communities affected by its armed conflict, geographic exclusion and high unemployment. 

Interactuar's services target low-income microentrepreneurs to assist them in:

− Starting a business and/or
− Growing the efficiency and competitiveness of their existing micro-business 

Unique Lending Approach:

Interactuar´s loans are offered to low-income aspiring or existing micro-entrepreneurs who don´t have access to normal streams of financing due to lack of credit history, collateral or rural/geographic exclusion. Interactuar goes to urban areas and remote towns that otherwise would not have access to financing.

Borrowers also have access to Interactuar´s full suite of business development services and vocational courses meant to prepare clients with practical experience.  This is an especially unique suite of services as bottom of the pyramid business owners do not usually have access to these kind of consulting services.

All of these services are designed to provide small business owners with holistic support in order to help generate sustainable businesses for low-income communities in Colombia. 

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Dec 16, 2010 Oct 12, 2005
Total Loans $5,698,525 $605,692,300
Amount of raised Inactive loans $0 $556,050
Number of raised Inactive loans 0 462
Amount of Paying Back Loans $2,679,300 $120,357,850
Number of Paying Back Loans 2,544 129,783
Amount of Ended Loans $3,019,225 $484,778,400
Number of Ended Loans 3,876 612,884
Delinquency Rate 1.64% 4.05%
Amount in Arrears $31,193 $3,183,813
Outstanding Portfolio $1,906,602 $78,590,312
Number of loanDelinquent 536 13,778
Default Rate 3.99% 1.11%
Amount of Ended Loans Defaulted $120,393 $5,357,098
Amount of Ended Loans $3,019,225 $484,778,400
Number of Ended Loans Defaulted 319 16,819
Currency Exchange Loss Rate 0.00% 0.09%
Amount of Currency Exchange Loss $36 $572,888
Refund Rate 0.52% 0.75%
Amount of Refunded Loans $29,625 $4,553,925
Number of Refunded Loans 32 5,085

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 55.82% 74.22%
Average Loan Size $888 $419
Average Individual Loan Size $888 $656
Average Group Loan Size $0 $1,830
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $6,070 $3,424
Average Loan Size / GDP per capita (PPP) 14.63% 12.23%
Average Time to Fund a Loan 14.47 days 5.7 days
Average Dollars Raised Per Day Per Loan $61.35 $73.42
  Average Loan Term 17.81 months 10.4 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 477 302,242
  Journaling Rate 12.68% 42.38%
  Average Number of Comments Per Journal 0.01 0.08
  Average Number of Recommendations Per Journal 0.01 1.83

Borrowing Cost Comparison (based on 2012 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 34% PY 32.00% PY 33.28% PY
  Profitability (return on assets) 5.6% 5.1% -1.42%
  Average Loan Size (% of per capita income) 24.90% 23.00% 38.08%

Country Fast Facts

Field Partner Staff

Sara Arango Arroyave
Fredy Santiago Betancur Marín
Lina María Giraldo Mira
Melissa Grisales Henao
Santiago Jaramillo Santamaría
Daniel Guillermo Marulanda Diaz
Lina Montoya Franco
Maria Cristina Restrepo R
Daniel Velasquez